CUV Ventures Corp. (TSX-V:
CUV) (“the Company”) is pleased
to announce an update.
- RevoluMED New Vertical linked to RevoluPAY®
e-Wallet
- RevoluEGAME New Vertical linked to RevoluPAY®
e-Wallet
- Top 40 World Bank Reschedules Compliance
Visit
- PSD2 Bank License Update
- RevoluVIP Launches 32 New Country
Websites
RevoluMED Development Commences
The company has commenced development of its
upcoming revenue vertical RevoluMED. RevoluMED will leverage the
RevoluPAY® proprietary Apple and Android multinational payment App
for: Healthcare Appointment Scheduling, RX Payment, Pharmacy
Payments, Medical Insurance, Insurance COPAY and, other financial
aspects related to the Healthcare industry as whole. Healthcare is
a multi-trillion-dollar worldwide industry and one that the company
has been intently studying for quite some time.
RevoluEGAME Development Commences
The company has begun development of its
upcoming revenue vertical RevoluEGAME. RevoluEGAME will leverage
the RevoluPAY® proprietary Apple and Android multinational payment
App in the rapidly expanding sector of Online Video Gaming, also
known as Egaming. According to NewZoo, a prominent Egaming
publication, the Egaming sector grossed $137.9 Billion USD in 2018,
a number that is projected to rise sharply as more players switch
to Online gaming over the legacy DVD based consoles. The company
has selected a content partner and is now in a position to offer
both entire games and, play credits for +3000 of the most popular
games worldwide. As with all revenue verticals, the company’s
banking authorized proprietary RevoluPAY® App will hold center
stage as the only method by which gamers can interact financially
with RevoluEGAME. The platforms public launch is expected in early
Q1 2020.
Top 40 World Bank Reschedules Compliance
Visit
Shareholders were advised on September 25th 2019
that the Company had received a written confirmation from the said
bank concerning a final compliance visit to RevoluPAY headquarters
that was to ostensibly take place during the final week of
September. The company then received a second communication
indicating that the visit would occur between the 14th and 18th of
October. The company has recently received a new written
communication from the international bank advising that the
compliance visit has now been definitively rescheduled for the 4th
of November. On June 29th, 2018, shareholders were informed that
RevoluPAY S.L. had signed an NDA with Top 40 World Banking
Institution for remittance disbursements. The said bank operates
extensively in 16 Central/South American Countries and, the
Caribbean. After signing the NDA, on the 17th December 2018, an
executive from the International Bank subsequently made a personal
visit to the RevoluPAY headquarters in Barcelona. Should the final
compliance visit result positive, the outcome would engender the
final signing of the bilateral agreement between the International
Bank and, RevoluPAY S.L., for the immediate commencement of
Remittance Flows through the RevoluPAY App to all of the
aforementioned 16 countries.
PSD2 Bank License Update
On the 15th October 2019, both RevoluPAY S.L
CEO, Alfredo Manresa and, corporate legal counsel Hogan Lovells,
received a written communication directly from the Central Bank
requesting a further 4 (four) supplementary documents. The company
immediately facilitated 3 of the 4 documents and, will submit the
remaining requisite on Monday 21st October 2019. The company
remains confident a PSD2 license will be granted.
RevoluVIP Launches 32 New
Destinations
Further to the news release dated September 25th
2019, the company is pleased to announce the successful launch of
the following 32 RevoluVIP destination websites:
Egypt, Dubai, Abu Dhabi, Emirates, Israel,
Qatar, Saudi Arabia, Turkey, China, India, Japan, Hong Kong,
Mongolia, Phillippines, Singapore, Sri Lanka, South Korea, Taiwan,
Thailand, Vietnam, Australia, New Zealand, Fiji, Paris, London,
Puerto Banus, Alicante, Pamplona, St Tropez, Cairo, World
Hotels.
All active RevoluVIP country and destination
websites are all featured on each website in the form of an
almanac, to promote cross-use of destinations: Example:
https:/americavip.com/pages/info/sites
The company expects to publicly release the
final remaining 6 VIP Collection websites before Friday 25th
October, having concluded the complete roll-out ahead of
schedule.
The company has received heightened interest in
the members only RevoluVIP Travel Club since it began marketing the
platform.
RevoluVIP Presentation.
About RevoluPAY®
The Company’s flagship technology is RevoluPAY®,
the Apple and Android multinational payment app. Built entirely
in-house, RevoluPAY features proprietary, sector specific,
technology of which, the resulting source code is the property of
the Company. RevoluPAY’s built-in features include: Leisure
payments, travel payments, retail and hospitality payments,
remittance payments, real estate payments, pay-as-you-go phone
top-ups, Utility Bill payments, Egaming, Healthcare, etc. RevoluPAY
is powered by blockchain protocols, and, is squarely aimed at the
worldwide multi-billion dollar leisure sector and, + $595 billion
family remittance market. RevoluPAY® is operated by the European
wholly owned subsidiary RevoluPAY S.L located in Barcelona.
RevoluPAY S.L operates under European E-money - Directive
2009/110/EC through a licensed electronic money institution or EDE
Banking Licensed entity.
RevoluPAY Presentation
Links utilized in this news
release
New Zoo Article -
https://newzoo.com/insights/articles/global-games-market-reaches-137-9-billion-in-2018-mobile-games-take-half/
World Bank remittance Date -
http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset,
multidivisional publicly traded Canadian company deploying advanced
technologies in the; Online Travel, Vacation Resort, Mobile Apps,
Money Remittance, Mobile phone top-ups, Invoice factoring,
Blockchain Systems, and Fintech app sectors.
Our flagship technology is RevoluPAY®, the Apple
and Android multinational leisure payments and remittance app,
powered by blockchain protocols, and aimed at the worldwide + $595
billion family remittance market. Click here to read more.
For further information on CUV Ventures Corp.
(TSX-V: CUV) visit the Company’s website at www.cuvventures.com.
The Company has approximately 150,382,712 shares issued and
outstanding.
CUV VENTURES CORP.
“Steve Marshall” ______________________STEVE
MARSHALLCEO
For further information contact:Don MosherCUV
Ventures Corp.Telephone: (604) 685-6465Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cuvventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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